July 2017

Consumer Credit

In May, consumer credit increased at a seasonally adjusted annual rate (SAAR), of 5.9%. Revolving credit increased at an annual rate of 6.4% percent, while nonrevolving credit increased at an annual rate of 6.4% percent. Total consumer credit increased by $18.40 billion (B), in May much higher than the consensus forecast of $12.6B. Consumer credit [...]

Automotive Sales

Data from the Bureau of Economic Analysis (BEA), shows that total light (cars and light truck/SUVs), vehicle sales in June were at an annual rate, of 16.810 million (M), units, down 182,000 units or 1.1% from May. On a three month moving average (3MMA), basis, sales were 17.003M, down 0.2% month on month (m/m) and [...]

Dodge Momentum Index

The Dodge Momentum Index moved up 0.6 percentage point in June to 134.7 or +0.5% month on month, (m/m). On a 12 month moving average (12MMA), basis the index scored 135.8, flat y/y. The Momentum Index is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to [...]

Construction put-in-place (CPIP) May 2017

CPIP data released today (July 3rd), yielded mostly positive results. Overall total non-seasonally adjusted (NSA), constant dollar construction was up 4.4% year on year (y/y). Private expenditures advanced 7.6% y/y, while, State & Local contracted by 3.8% y/y. Total Construction: On a three month total rolling expenditure y/y comparison, total construction came in at $296.7 [...]